Heinrich Handschin, personal growth
In the first years Heinrich Handschin lived extremely modestly, spent as little as possible and seemed to work untiringly. Because he lived so frugally, he was able to save several hundred rubles, approximately sfr. 2,300.00, which he then invested in his own enterprise. When Lerch Inc. moved into a new factory on the outskirts of Moscow in 1859, he sold a part of his old building to his manager Handschin. Thus, after Morf and Lerch the property changed into the hands of the third Swiss entrepreneur and was still used for the production of textiles.
"Heinrich Handschin: Finally Independent,"
Swiss American Historical Society Review: Vol. 45
, Article 7.
Available at: https://scholarsarchive.byu.edu/sahs_review/vol45/iss2/7